My capital is quite large.

Chapter 29 Digging Up the Penguin's Roots

The flight from Hengdian back to Shenzhen landed smoothly.

Stepping out of the VIP passage at Bao'an Airport and breathing in the humid air unique to this southern special economic zone, Li Feng's eyes no longer held the affable demeanor he had at the wrap party the previous night.

The allure of Hengdian and the sycophancy of the film crew are merely scenery along the way.

Returning to Haofeng Network's headquarters in the science park was the true battlefield where he wielded power and conquered the world.

"Boss, this is the latest statement of account that the finance department just sent this morning."

In the spacious and bright CEO's office, Zhang Xinyu changed into a smart and well-fitting business suit and gently placed a document on Li Feng's desk.

Nowadays, she exudes less of a deliberate, seductive charm and more of a tacit understanding and competence.

Li Feng leaned back in the boss's chair and opened the statement of accounts.

With Angry Birds, Fishing Joy, and Cut the Rope continuing to dominate the App Store charts, Haofeng Network's overseas corporate accounts have accumulated a massive cash flow of over 30 million US dollars! That's more than 200 million RMB!

What does it mean to have more than 200 million yuan in cash flow in the fall of 2008?

Many traditional manufacturing companies listed on the A-share market cannot generate this much money even with a year's net profit!

"Finally, we have enough money."

Li Feng closed the file and walked to the panoramic floor-to-ceiling window.

My gaze passed through the office buildings standing in the science and technology park and looked towards the direction of the Fiyta Building—the heart of the Penguin Empire today.

Many people thought that after receiving more than 20 million yuan in acquisition funds and making a fortune in the mobile sector, the past grievances were over.

After all, he is now a newly rich internet entrepreneur with a net worth of over 100 million, so why should he fight to the death with his former employer?

But they were wrong.

Li Feng has never been a magnanimous person.

The stubbornness and grudge that are ingrained in one's bones will never be easily erased, even if one were to live another life.

With its two blockbuster titles, "Dungeon Fighter Online" and "CrossFire," Tencent is about to usher in a dark era of dominance in the domestic PC game market that will last for more than a decade.

Trying to compete head-on with Tencent in the PC game market for MMORPGs or shooting games? That's a foolish and thankless task.

What Li Feng needs to do is to cut off the source of the problem!

He wants to take advantage of the fact that Penguin's tentacles haven't fully extended overseas before he digs up the ancestral graves of this behemoth and uproots its most core PC gaming lifeline for the next decade!

"Go and call Old Chen over," Li Feng instructed Zhang Xinyu, turning to her.

Less than three minutes later, Technical Director Chen rushed in: "Mr. Li, you wanted to see me? Is Fruit Ninja about to launch?"

"Just release casual mobile games step by step; those are all quick money."

Li Feng walked back to his desk, placed his hands on the surface, and stared intently at Lao Chen. "Lao Chen, the company has enough US dollars in the account. I'm preparing to allocate some funds to officially enter the PC game market."

"PC game?!"

Old Chen was taken aback and waved his hands repeatedly, "President Li, this is no joke! The current domestic PC game market is a meat grinder. Shanda, NetEase, and Tencent are all towering over us. If we enter now, the cost of just buying 3D engine licenses and setting up servers will be a bottomless pit. And if Tencent blocks our channels, we're doomed!"

"Who said I was going to develop it myself in the country?"

Li Feng sneered, took out a pre-prepared A4 sheet of paper from the drawer, and pushed it in front of Old Chen.

"Have you heard of DotA?" Li Feng asked.

Old Chen paused for a moment. As a seasoned gamer, he naturally knew: "It's a player-made RPG map in Warcraft 3, which is indeed quite popular in internet cafes these days. But it's just a free mod that's parasitic on Blizzard games; it doesn't even have a standalone client. How can it make money?"

"What if there was a standalone client?"

Li Feng's eyes became incredibly profound. "Not only does it have a standalone client, but it also boasts a comprehensive ranked matchmaking system, a unique rune and talent system, and a massive ecosystem capable of hosting global professional esports leagues in the future?"

Old Chen gasped.

If DotA could truly be made into an online game with its own independent client, that would be absolutely groundbreaking!

"Look at the names on the paper."

Old Chen looked down and saw the name of an independent game studio located in Los Angeles, USA, written on the A4 paper—[Riot Games].

"This is a small startup in Los Angeles. They are currently developing a MOBA game called League of Legends, and some of the core creators have worked on the DotA map."

"Old Chen, I'm approving a special acquisition fund of twenty million US dollars for you. Take our top overseas legal and investment M&A team with you, and fly to Los Angeles tomorrow!"

"I'm contacting this studio; I want to acquire them outright!"

"They're dirt poor right now. The game is still in closed beta, and they can barely afford to rent servers. If they're not willing to sell outright, their bottom line is that they must get absolute controlling stake and veto power, as well as the exclusive distribution and operation rights for the game in Asia!"

Old Chen felt a chill run down his spine.

Twenty million US dollars! Just to buy a fledgling team from across the ocean that has no reputation and whose games aren't even finished?!

But he dared not question it, for all the past decisions of the young CEO in front of him had already proven his foresight!

"Mr. Li, what if other companies are also contacting them?" Old Chen asked a crucial question.

Li Feng's eyes instantly turned icy: "If any competitors from Shenzhen, China—especially Tencent's investment department—are contacting them, no matter how much Tencent offers, just double their quote!"

"Throw it all in dollars! Until those Americans kneel down and call us daddy!"

In the second half of 2008, Tencent's overseas investment department, like a shark smelling blood, had its eyes on the startup flagship company and acquired more than 20% of its shares at a very low price by the end of the year, and then completed full ownership within a few years.

League of Legends, in later generations, was not only a phenomenal masterpiece with over ten million concurrent online players worldwide, but also a pillar that supported half of Tencent Games' empire!

This time, Li Feng intends to snatch this future world-class IP with a hefty sum of 20 million US dollars before Tencent completes its controlling stake!

Without League of Legends, he wants to see if Tencent can remain so stable when facing a major reshuffle in the mobile internet era!

"Understood, Mr. Li! I'll go back tonight to process the visa and fly to Los Angeles tomorrow!" Although Old Chen didn't understand why his boss was so hostile towards penguins, following orders was his only option.

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